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626 N 1st Street, Rapid City, SD 57701

Rapid City
Local realty services provided by:CENTURY 21 Stevens and Associates, Inc.
626 N 1st Street,Rapid City, SD 57701
$925,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: josiah lafrance
Office: blair allen luxury real estate llc.
MLS#:87608
Source:SD_NBHMLS

Price summary

  • Price:$925,000

About this home

Excellent investment opportunity in Rapid City! This 8-unit multifamily apartment building features all 2-bedroom, 1-bathroom units — a highly desirable and consistent rental layout. The property is fully sprinkled and includes an exterior sprinkler system for added safety and functionality. The roof and siding have been replaced recently. Extensive exterior renovations have been completed, enhancing both curb appeal and long-term durability. All units have been renovated, with two units updated within the last year. The building maintains a strong occupancy history, with vacancy rates historically ranging between 0–5%, demonstrating solid rental demand and stability. Two shared coin-operated laundry units are located in the common area, providing additional income potential. This turnkey asset offers consistent unit mix, modernized interiors, and proven performance — making it a strong addition to any investor’s portfolio. Listed by Josiah LaFrance- Blair Allen Luxury Real Estate...

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Home facts

  • Listing ID #:87608
  • Added:66 day(s) ago
  • Updated:April 14, 2026 at 02:37 PM

Heating and cooling

  • Cooling:Window Evap.
  • Heating:Cove, Electric

Structure and exterior

  • Roof:Composition
  • Foundation Description:Slab

Finances and disclosures

  • Price:$925,000

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